For sale: The American dream | Fault Lines

[@farisasmith7109]

That deputy looks worn down. I don't care how much you try to block it, seeing people especially children being evicted must be heartbreaking. I couldn't do it.

[@lunafringe10]

I wouldn't do this job

[@nastayquan6128]

I would rather clean the streets with a toothbrush.

[@marycurry837]

@Monica Jones Just By Looking At Him He Did Not Want To Do It. It Was Hurting Him Inside By The Way He Was Looking At The Children I Felt Really Bad For Them. I Hope They Found Somewhere To Stay.

[@polishprincess8469]

He does look worn out heck I would be too. I don't think there are too many people who can really push it to the back of their minds. I lost my house after 30 yrs of home ownership! I was in my first home for 12 yrs then I moved up to a better neighborhood for my children. We were in that home for 18 years until I lost it at Sheriff's sale due to me being very sick and unable to work. Two days after the Sheriff's sale I found out I was approved for Social Security Disability.. 2 stinking days.. smh.. 😪 I'm totally spent now I feel like I'm not a part of the world or a part of society, I don't know where I belong anymore? The sad part is my home is still empty as I look for a place to RENT and call home, I will actually be paying much more to rent a smaller and distressed apartment or townhome. How does that work? Seems really messed up to me and I've worked all my life had money saved, I had a few 401k's a 403b; now I have no savings no safety net shoot I have no where to fall from so there's not much need for a safety net is there? You could say I am very disillusioned I just don't want my kids to lose out on anything because I got sick.

[@mikefouts8945]

a cop out

[@youdontknowme2325]

I live in suburban LA. Oct. 3, 2014, I was laid off from the clinic. I went home that night, woke up next day and went out the front yard where a man was there. "Your rental property has been foreclosed upon, you have a month to vacate." After nearly 6 months on unen-joyment, I finally have my first interview Tuesday. Wish me luck!

[@johnthe3568]

Goodluck!

[@Jamesca120]

YouDontKnowMe hope things got better for you

[@sheilaallen2146]

Good Luck!

[@jerinchacko9908]

How are you now?

[@brookejodyhayes1360]

May God bless you with great success! Hope you are now living a blessed carefree life! ✌️

[@V.E.R.O.]

4:30 "Everyone needs to take responsibility, I pay my mortgage where I live so everybody else has too" ...what this "vulture" investor lady doesn't realize is that an accident, a major illness, loss of job, divorce, a death in the family can wipe out a family's savings and leave them unable to pay the mortgage and bills. For most it's not lack of responsibility but unfortunate events, I hope vulture lady doesn't find out the hard way.

[@RainsWorldVegasSlots]

Veronica C. She bugs! I used to be an auctioneer out there and she makes up a good percentage of who’s buying up the properties it’s sickening. Greedy much

[@V.E.R.O.]

@@RainsWorldVegasSlots Yeah, those type of people usually get filthy rich cause they have no empathy and no qualms about making money off the backs and suffering of others. Our government and corporations are now being run by such people, that's why Americans are no longer able to reach the "dream".

[@RainsWorldVegasSlots]

Veronica C. 😢

[@MK-hh1vo]

I hope she does find out the hard way.

[@RainsWorldVegasSlots]

Danielle oh she’s thankful , and greedy and entitled and rich ALLL the wayyy to the bank

[@Foomanlol]

Nobody owns property, they rent it from the government. Even if you paid your mortgage, but cant pay taxes, the government will kick you out. So much for freedom when you can't own your own home.

[@LadyCoyKoi]

Yet countries like Cuba, the government gives you a home. O_O The government only takes it back when no one lives in it for a certain amount of years and there is no claim. It happen to my moms' childhood home in Cuba. When she came to the US the house was abandoned. No one claimed that property or house for 20years and the government just took it to give it another family. Houses don't go empty for long in Cuba. Every available house is given to those who need one. Some sort of housing program. You just pay for maintenance, everything else is paid for by the government. I don't know if that system changed since 2001 (when I last visited the country), but that system of "Government gives you a house, not take it away" is nice.

[@barbaravance6774]

@@LadyCoyKoi But look at all of the other issues they have. If Cuba was a good place to live, they wouldn't climb on rafts to risk their and their children's lives to come to America.

[@donnab.333]

Exactly.

[@masterpalladin]

under the constitution income and sales/postal taxes negotiated by the people and individual state can be deemed constitutional...….4 core pillars of the constitution: land, liberty, freedom and happiness ...but property tax violates American property/land rights...……...any law deemed unconstitutional can be null and void.

[@ssssaa2]

You basically own it... you can do whatever you want with it for the most part. Depending on where you are I guess. Also It's tax deductible.

[@georgeroche1292]

When I first bought my house in 1994 I Was approved for $300K but my wife and I knew we could not afford that big of a mortgage. So we decided to go for the base model house which we knew we could afford. Then 8 years later I noticed that the value of my house had somehow tripled. I had taken a real estate course and knew that something was not right. We decided to sell before the Real Estate balloon bursts. We sold our home in August of 2006 and thank God we did.

[@georgeroche1292]

LOL! Unfortunately not. I am still a working family man living in Central America.

[@markhampton1790]

Central America is pretty cheap, of course. Are you in Panama?

[@georgeroche1292]

Unfortunately Central America is not cheap. The cost of living is pretty much the same as the states. Unfortunately the job I have that actually came from CANADA used to pay between 40-50K a year and I am forced to do that job and other jobs for $17,000 a year and that is before I pay taxes and medical insurance.

[@NorceCodine]

So what is your scope on living in Central America? I need someone's input who doesn't live yet on regular pension checks.

[@georgeroche1292]

I moved to Central America in 2009 because my daughter was little and I did not want the Liberal's brain washing her mind in very poor public schools in NJ. I am now looking to move to North Carolina and hopefully will once the Tax Reform bill is passed. I am praying for the bill to pass soon so that I can go back to the USA. Central America is just not a good place to live if you have children. Extortion is rampant and crime is just not stopped the police and government our extremely corrupt. I am so ready to go home.

[@tranger4579]

People need to understand that there is NO SUCH THING AS A SECURE JOB in America. You need to live below your means and understand that life happens.

[@markwhittaker6866]

PREACH! That probably applies worldwide.

[@tranger4579]

@keecefly funny thing is they are never short on having 100 dollar plus cellphone bills.

[@tranger4579]

@keecefly lol......I have worked for AT&t for over 15 years. I was there when the first iphone launched. Believe me. People pay over a hundred bucks. Unless they are on a prepaid plan. Unlimited starter yes 65 but then add taxes and most Americans go on the Next plan paying an installment on top of their service. No they don't get cheap phones.

[@tranger4579]

@keecefly I know there is but the vast majority of Americans are not responsible with managing money. Just wait until black friday and you will see the so called struggling out shopping. When stimulus checks came out first thing I saw going into Walmart for motor oil was those same struggling people walking out with TVs, game consoles, toys, etc.

[@Renanaguilar]

you are stupid, just justifying a rigged system.

[@douglaschavez532]

the banks are like the casinos . . . . they never lose

[@billygoodman8077]

unless it's a trump casino. they fail

[@meuass]

@@billygoodman8077 I was gonna type that same thing.. lol

[@kathcasey2090]

The banks can't lose! They're playing with your money! If they win they keep the profits. If they lose you pay!

[@bicyclist2]

They create new money out the thin air every time they create a loan. They risk nothing.

[@paulcolburn3855]

Leehman Brothers lost. Countrywide lost. So yes, they DO lose.

[@FurbyGender]

What's disgusting is how they intentionally gave low income people mortgages banking on the owners to lose their homes and they could benefit from the owners losses. That just shows how evil money grabbers can be.

[@homingchan5750]

Furby Gender

[@clangvictiongaming1883]

Furby Gender don't hate the player hate the game

[@nadrud]

Blame a democratic congress. Learn to read. Learn from history. It already happened. No reason to stay ignorant.

[@LucasFernandez-fk8se]

Furby Gender they called he banks racist for not approving low income people credit so the banks gave out too much credit and it created a bubble

[@dayanaS32]

They fault for not get inform, get smart get top

[@karenhardie1132]

Banks will never be your friend. They don't care about you only themselves.

[@salmaumar5750]

Of course. They are doing business. If you feel sorry for everyone you won't make profit

[@wyattlamb2552]

It helps if you work for them. Get into IB, then you won’t be complaining.

[@joefran619]

Bail out the Banks and GM that's good socialism, but when it comes to helping families that's bad socialism!

[@freespirit4162]

War not cheap hobby.. Someone has to pick up the bill and it will not be the decision makers. More $ wars less for Welfare systems/people assistance

[@spodeeodeee]

buy FORD No Bail out

[@rackets7991]

Fortunately we arent a socialist country. Or you wouldnt likely have the property. Banks & GM provide employment to hundreds of thousands of people. And they can repay through taxes & profits. Individuals are less reliable to repay or change behavior that caused their problem in the first place...

[@pico6760]

joe fran yes the government don’t care about the ppl they just care about the people’s pocket book

[@karenlouks3636]

Socialism is bad oughta be a crime

[@josephvalenti7268]

She looks as though she is a grandmother taking care of her grandchildren. It is horrible, especially for the little children!

[@qbnj806]

Joseph Valenti sad

[@Nobody-xh5qe]

That maid me so sad😖

[@DarkroomMedia007]

I feel bad for the grandmotherbut it would have been less embarrassing and traumatizing if she was already moved out. She said she knew that they foreclosed on the house I think if I'm not mistaken. As far as I I know is that you have to be under supreme special circumstances to beat a foreclosure. Usually very low income people have zero chance of saving their home especially if they got no one to fight on their behalf I work close enough with them so I feel like that illegal foreclosurenotice would have been a heads-up that they are gunning for your house and stop at nothing to boot you out. Not to be insensitive but if you know you are way behind on your payments and you receive a foreclosure, the smart thing to do would be to at least start packing up some of your stuff in case things don't go your way. Start at least looking for affordable housing way ahead of schedule. And if you somehow by miracle from God, beat the foreclosure then you'll save yourself the horror of your grandkids & loved ones see you get put out. 😬

[@tonyajennings5965]

They don’t CARE....they sleep well at night believe me

[@stanleychaney4055]

@@DarkroomMedia007 she could have filed bankruptcy to try and keep the home in a chapter 13...it would have bought her time at least

[@invaderzim1265]

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” - Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

[@helenjarvis108]

That man was absolutely correct, “the government should have bailed out the people, the banks will always be ok”

[@vanessatheurbantarotgoddes2192]

Of course bc banks keep people underwater

[@teresajeffrey8870]

It's every were now not Just Calie

[@pauldusa]

Really even if pay off your home, you have a Deed, a Deed is not a Title, a deed is a contractional agreement between you and the state, county, ect. Really you pay for the House, you get the right to Manage it and pay yrly property taxes on it,, That's All you get the right to stay there, manage it and maintain it & pay taxes..

[@chrismorring3352]

True...when you die and the Taxes lag the state will take your paid for house.

[@wolftreetree]

Paul Drake Jr True we need a better system.

[@glendagonzalez9038]

Amy,you could find yourself in the streets one day, life is a merry go round, sombody can fell from it.

[@kennethtaylor2355]

@@chrismorring3352 that's true you don't own a fucken thing ... the USA is a corporation corrupt government bankers regulations ..it's all by design to control. ..

[@arthurralstonwakeupblackpe5940]

I've been telling people for years that the only thing you can outright own in America is the clothes on your back don't get it twisted...

[@MegaBpop]

My heart aches for the innocent small children that are packing up. there are too many over priced cities in America. California is very high.

[@AdmanOnYT]

Texas is the next target

[@CJ-ji1pq]

Not just America, London, Paris, Amsterdam, people can't live in these cities anymore.

[@CJ-ji1pq]

@Tav Ace What about Australia?

[@ShinkuGouki]

The American Dream is just that,a dream, because you have to be asleep to believe it -George Carlin

[@abdirizaqshire2627]

Couldn’t agree more.

[@Shannon_Vlogs]

One of my favorite Carlin quotes, RIP

[@masterpalladin]

@@Shannon_Vlogs republicans they want nothing to do withn kids, but once you hit military age now they can train you to be a dead soldier

[@jafll141]

And yet he was a millionaire

[@axelbauron155]

@@jafll141 And yet he had empathy for other less fortunate people's fate. Try it one day.

[@grandpa5508]

apply for a loan modification from bank of america is like asking a croc to carry you across a river.

[@allispossible8447]

The Traveler Perfect analogy! But it’s all the big banks

[@DarkroomMedia007]

WOW! now that's bad. 😂

[@harenrussel]

😂 On the money.. On the 🐊

[@tot2523]

The Traveler that’s the truth. I hate that I bought my home through them!

[@theuglykwan]

@Maria Posse 1 BoA is not owned by Chinese. In fact, BoA invested in one of the big Chinese banks before it withdrew from the Chinese market 2 Would you prefer if they were owned by x nationality? What difference does it make? All the big banks were like this. You think their race made them do that?

[@curtis8954]

I would rather work 2-3 minimum wage jobs, before I would work as the person who has to evict families from there house. I would not be able to sleep at night.

[@windsofmarchjourneyperrytr2823]

Wouldn't bother me. Pay your bills. Quit having kids you can't support. Read contracts. Duh. Nobody gives the middle class who work nothing.

[@curtis8954]

this happened during the recession. people lost jobs. what are they supposed to do, kick the kids out on the streets. you are cruel

[@rackets7991]

Evictions are done by a city employees. May be Sheriff or other officials. It is not a job but part of a job responsibility.

[@jgdooley2003]

There was a recent case in Ireland when a farmer was evicted from his house by a group of bailiffs from another jurisdiction because local people would not take on the job of carying out the eviction. Local people set the bailiffs vans on fire and torched the house rather than let the banks have it without pain. Similar incidents have happened with repossesed houses being vandalised before being resold after an eviction and potential buyers have been warned off from buying such properties. The banks got only a fraction of the money owed as a result.

[@xXAnni3LuvsYhuXx]

Winds of March Journey/Perry tribute band very insensitive.

[@lylecosmopolite]

The trouble with buying a house with a mortgage is: what happens to the mortgage if you lose your job???? When I was a boy, many Americans lived in small and shabby houses. But they were cheap, interest rates were low, and you had to put at least 20% down. So monthly mortgage payments were low. 1-2x a decade you were laid off for 6-18 months. The dole helped you pay the mortgage. Having to come up with a 20% downpayment proved that your act was together and that you could be trusted not to default on a mortgage. In the 1970s, savings & loans began giving a mortgage to anyone with a job. Around 2000, mortgage banks began giving a mortgage to anyone who applied for one. This was petty greed, because every mortgage application processed rang the cash register.

[@swagatopablo]

Until you pay off the full 100% price of the building to your bank or agent from your own money, you cannot call the house your own home. It belongs to the bank where they are letting you stay. Get it straight.

[@mchurre]

cwmillern: you are right , it is just an illusion of ownership, and the people have to pay rent for the rest of their life to their masters either through mortgage or indirect through taxes , real slavery just with another name.

[@enockrasta3295]

You need to see the most recent the Bundy ranch, as well as the making of the dodger stadium its property of the united state watch that house get bulldozed by the military U.S land not really yours. Worthless system yet many are blind a true ponzi scheme.

[@omegabeta3305]

Even if you have fully paid it, you are still renting it yearly. They call it Property Tax

[@davidgenereux9540]

Swagato Barman Roy you think wroung.... Don't pay that yearly property and you will see it is never yours

[@timothynguyen5171]

Agree.

[@10laws2liveby]

When I was really poor I had 3 priorities. The first was food on the table, the second was rent, and the third was anything else we could afford. When I see families now-a-day getting evicted from a house I see them loading a nice car with all kinds of stuff I could only have dreamed of having when I was in that situation. Draw your own conclusion as to what I'm saying.

[@brandonwombacher2559]

They were buying things they could not afford anyway. They were not living within their means

[@CentralTexasPuppies]

My cousins "broke" broke, broke but have the latest iphones....okay 🤷‍♀️

[@erickanew]

I know right. My parents always told me pay rent and lights 1st.

[@jgdooley2003]

In Dublin Ireland they have a grim saying :- " The rent eats first". Rent comes first in a cold climate where there is a lot of non-fatal but health compromising violence and practices when living on the street. People have been known to skip meals for weeks in order to make the rent because renters are only too quick to evict non paying or delaying tenants in our highly inflated rental market.

[@nurrasidah4824]

Thank you Sir for shared ❤

[@justicedemsofmissouri1496]

If you think your home is yours. Try not paying any real estate taxes for about 4 years. ....

[@dogguy8603]

Property taxes are regional, not a federal tax

[@carvercapitalequitypartner122]

Yep. You are nailed with a penalty as soon as you miss the payment deadline. Brutal.

[@vladimirsteinberg9819]

NOTHING IS "YOURS" UNTIL THE LAST PENNY IS PAID! "A HOME OWNER " IS A MISLEADING ILLUSION" SECOND ONLY TO COMMUNISM!!!

[@recycled3654]

@@vladimirsteinberg9819 More like Capitalism, you just think you own something and call it freedom.

[@mati261000]

The home is yours if you don´t have a mortgage. Property taxes are mandatory and for the benefit of the State you live in. It´s the price you pay to live in the US.

[@AtxMamasita]

I owe my home.. but the property taxes are slowly going up.. in 3 years it's gone up by $10K. I'm in Texas, we have Californians coming with their millions and buying houses pennies on the dollar.. the Property Taxes in Central Texas were pretty low until recently.

[@brandell4638]

Californians buying houses for 'pennies on the dollar' would LOWER your taxes, as available comps would be less.... local tax board should be looked into instead of blaming outsider investors.

[@dondressel4802]

I live in California and I hate Californians

[@Madronaxyz]

Welcome to Reaganomics. Lowering taxes on the rich means every one else's taxes go way up.

[@theuglykwan]

Cynthia Hrdz-Fristo Texas has no income tax so property taxes are higher than they would otherwise be as that is where they get their revenue (some blue states do have income taxes but still have property taxes higher than TX). So TX is good if you earn a decent income. Why can the TX govt not lower tax rates so your tax doesn't rise so much? I mean if 3 years ago they could operate with $10k less from you, what are they now spending that money on?

[@cloudie8314]

Wow! Many of my family members left to Texas and they are hard working people NOT millionaires.

[@habanera8064]

The US is such a loan-based soceity. I realized when my friends in the US said they bought a car, house etc...it meant something totally different. In my home country, you bought a house or a car means you paid full cash for it. This is why in the US, almost anyone can buy a house or car, when in reality they truly cannot afford it or sustain it.

[@advaith365]

So true. My friend who moved to USA says everything is on loans. They buy 10 things in a week all on emi That sounds so scary..

[@nihilisticbarbie]

Agreed. My mom 'bought' a 1k computer for my brother. On my grandma's credit card. Meanwhile I saved $600 from working to buy a laptop for school and personal use. At least I own my laptop outright. I can't imagine the kids that go to college every year on student loans they're gonna have to keep paying until they're 50. It's stupid and wasteful.

[@patriciaramirez3139]

The worst thing that people can do in the US is, " the payday loans" or get to many credit cards, once you start borrowing or paying with plastic and you are not disciplined to pay your debts on time thats when you get in trouble.

[@sukhdeeps1]

Dats true in india too....we buy anythng only if we has the cash money ....most of the indian dnt use credit cards

[@carmcam1]

whenever someone told me they bought something, the culture today is to ask whethere it is installment or cash. I think the good (or bad) side of being good at numbers, i could calculate in my mind sometimes how much i'll gonna pay installment vs cash, in the end i end up not buying, either the thing is expensive, or i sure heck not gonna pay that high interest that accumulates if i choose installment. Some people i know are fooled by ads showing low installment pay daily or monthly, sometimes i chimed in that interest is high despite low installment fee to give them another perspective, that low monthly/daily interest doesn't mean that stuff is cheap.

[@jamessmith-xr9qs]

So many people with no where to go makes me sad, i cry watching these thanking God for what i have even if it is a !978 trailer, its mine. thankyou Lord for giving me the a roof over my head. You never know when it can be taken from you one way or another.

[@ayeemmaperson8030]

God didn't give it to you, you got it yourself.

[@FilipinaMeetsAustralian]

i watched this video cause of my curiosity,, we Filipinos thought America's never undergo this devasting situation. Watching people homeless makes me realize that I am lucky where I leave now. In a remote area where we can raise pigs, chickens, turkey in our farm. We can get and fresh fruit coconut juice in our farm.I feel really sad of this😭😭😭

[@bentrishaleemartin926]

FilipinaMeets Australian 2019 it’s a lot worse now. The goverment has created the opioid epidemic. Making it hard to get pills you need people are turning to street drugs

[@Sheshe661972]

Amen.

[@jeffjones7897]

Amen

[@brookejodyhayes1360]

By the grace of God I was blessed enough to pay for my first home in full, cash. But unless you are a veteran or disabled, you will always owe property tax. No such thing as true "ownership" anymore. It's just mine to pay taxes on until I sell it to the next chump and let him take over. "The American Dream" alright. Lol God Bless ✌️

[@drewhendley]

Brooke & Jody Hayes , veterans who are 100 percent disabled don't have to pay property taxes on the first $45,000 of the value of their homes!

[@rabidrabbitshuggers]

Jj If it involves the military, it is most likely effective in all states because federal law governs the military, not state law

[@krismcnulty1664]

As a 100 percent service-connected disabled veteran living in Oregon I only get an exemption of $26,000. from my property taxes. Not much at all considering all the sacrifices I made to serve my country.

[@RochelleEskue]

Fast Forward to July, 2019. I'm hoping that things have gotten better in the past seven years for Kenya and her children. In the meantime, I'll keep this family in my prayers.

[@clintonomwono8491]

Why drag Kenya here ? In Kenya we own homes with no rates or mortgage

[@clintonomwono8491]

Ooh her name is Kenya get it

[@israelphoenix]

Pulling the Strings Prayer always works. It may not be a mansion in a hill but GOD provides if you go where he leads you.

[@elainelaboy6369]

@Pulling the Strings Guess you did't see 2020 coming, Praying and believing with working hard works,

[@elainelaboy6369]

@@israelphoenix Amen

[@MichelleB2b]

I have enormous empathy for the family shown in the clip. From the little boys eating breakfast, unaware are the turmoil ahead to the woman's stare of disbelief, its got to be surreal and very frightening.

[@joywisdom6598]

Yes , it must be frightening not to get hand outs any longer...

[@brandell4638]

Right. She ran out the clock, not 'they'ran it out. Have another 5 kids- that will help.

[@stacitowery3475]

Why was she so surprised? She said she hadn't paid her mortgage in 6 years fgs.

[@trueprincess894]

She was a renter. The landlord ran out the clock, stupids...

[@MesoJevlar]

Thank god i not live in the Usa. Government rescue the banks, but who rescue the people...

[@miaohmy6216]

MesoJevlar They don't care about the people.

[@psykonauttija2012]

They care about them being good obedient 9 to 5 debt slaves. That's it.

[@hardcandy7112]

NOW THEY WILL AUCTION OFF THE HOUSE FOR PEANUTS TO SOME ISRAELI INVESTER BUYING EVERYTHING UP WITH THE SAME MONEY WE GIVE ISRAEL 100 OF BILLIONS ,I SEE THE SCAM THEY PUT ON US AMERICANS

[@garybrunecz7785]

With almost 50 million immigrants and a population of over 350 million. We are nothing but a number. We are an endless resource that is used and taken advantage of for the betterment of the rich and the government. This country is good at killing people, locking people up and taking their money. Welcome to land of the free.

[@DorothyGTyas]

*Yes, government colludes with banksters whom it consistently bails out with taxpayers' funds. How OBSCENE is that!* ☝😐

[@dmtelfireland779]

I hate even saying this. When you take out a loan you don't get the money from the bank you generate the money into your economy. If you fail to pay the agreed amount you will loose your dream home. Modest living is the way to go. I used to have a house I could cycle a bicycle around in and I did! I am ashamed of this but it's true. Tonight is my first night out of long term homelessness. I am so much more happier. As long as you're fed and warm the biggest challenge is patience! You will be ok. The future is uncertain and the end is always near. But let it roll

[@citygirlingraham]

This is actually very heartbreaking and scary to watch, I remember this time in the USA, it happened in small town USA too. I remember going to a garage sale and the woman told me, they where in foreclosure and needed to liquidate everything. I didn’t know her but I felt so bad for her situation. I thank God for my little house I bought and it’s not great but it’s my home and it wasn’t price inflated when I bought it in 2016. I live in Washington state, Bank of America is terrible for receiving a mortgage. This video shows another reason not to live in California.

[@7T4HR]

Welcome to America, this has happened to most of us.

[@littledotti]

oh god, I want to cry. Babies, kids, elderly etc on the street. My god.

[@joeblack8478]

Greed and selfiness nobody to help

[@arthurralstonwakeupblackpe5940]

Malcolm X told us that the American dream is a nightmare...

[@nastayquan6128]

Then live your dream by hightailing it to Africa.

[@lasaundrawatson4564]

Nas Tayquan : You are a jerk. I and my ancestors back 4 generations, built this nation and I demand my part of the American dream.

[@transgoddess31]

@@nastayquan6128 why when black people built this country and the world has depleted the richness of Africa? Lol

[@seanm7553]

Malcolm x was an idiot.

[@asmerom1945]

I AM GLAD I DONT LIVE IN AMERICA

[@TippyPuddles]

As soon as your late with a payment, they just don't give a dam. They just want the money, no hearts. I wonder how these people sleep at night. I could never be in the mortgage business. Property taxes are even worse, no money, you're house is just gone.

[@jguillermoii]

When you sign the contract, you accept the terms and agreement. There is no difference when leasing or borrowing money from a bank to purchase a vehicle. Borrowing money is not a compassionate business.

[@garybrunecz7785]

Isn't it ironic how many Braindead Americans still believe they live in a free country.

[@hannaw193]

Omg this seems so recent. I lost my job while pregnant in 2009. I thank God for BB&Ts willingness to grant me a modification that allowed me to stay in my home and go back to school, becoming a registered nurse without foreclosure.

[@mualan4683]

When do we foreclosure this government ?

[@Ordoabchao-x9k]

never lol you're a spineless nation

[@simp2234]

Disclosure the banks

[@hickman7909]

if you know something is wrong a head of time,pack your important stuff get a storage and go

[@nastayquan6128]

Why do that when you can live for free for months to a year, until you are evicted and the sheriff boots you out.

[@grabitz]

We have an American dream? Nowadays 2019 it's the van life or tiny homes on wheels. Some third worlds are better off than us

[@bentrishaleemartin926]

grabitz we live in a class c rv. We have never been happier in life

[@grabitz]

@@bentrishaleemartin926 That's OK when you get old living out your childhood again with a corvette. How many kids live in your RV? Did you watch the video? What happens if something happens to you what is the wife going to do?

[@clintonomwono8491]

True

[@Pfirtzer]

@@bentrishaleemartin926 they are nice cars!more comofortable than many house in US

[@Pfirtzer]

@@grabitz she will get another fool to pay the bills, don't worry women always win.

[@cynthiaedwards6706]

This is heartbreaking and a moral travesty that the every day common man cannot live in an affordable home in what is supposedly the greatest land in the Country.

[@KnockoutInvesting]

Fannie Mae, Freddy Mac, Sallie Mae. Unless you own your home outright, it's the banks not yours.

[@TelmaFrege]

I agree. When I bought my house (took a mortgage), people congratulated me on my new home. My response was "well, what I got is a mortgage, now I need to work to get the house from the bank"

[@MeadowDay]

Property taxes still ensure you have no ownership security. It’s never ending.

[@cloudie8314]

Yup. When I'm asked do you rent or own I'm like I'm paying the bank for it.

[@rackets7991]

News Flash...You dont own anything you owe money on...

[@leonhenry4861]

@@rackets7991 News flash even when you've paid the mortgage the house is not yours. Property taxes if go unpaid can still make you homeless.

[@melaniecianci9734]

So basically we dont own anything the bank does!!!

[@sambeezy007]

Right. Examples. 1. You can have a house bought and paid for...BUT you still have to pay property taxes..like forever 2. You can pay your car off...BUT you still have to pay for a tag and renew the license just to drive on the roads that YOU (The Taxpayer) paid for. Where's the logic in that?

[@KOLAkola]

Melanie Cianci pretty much

[@basspig]

Ultimately the town owns all property. Taxes. I have no mortgage since 1966, yet I am facing a tax foreclosure.

[@lassusprophetam8209]

You're missing one aspect of this picture foreign non-citizens buying up land and houses in America. Americans can't buy land in China Americans can I buy land in Mexico. Why is that not unilateral. When Chinese lady said "we don't have to invade America we can buy America" and that's right and why is that we can't buy land in China we most likely can't buy land in Iran Iraq and many other countries where they come here and buy land. Number one any one of the countries we consider enemies that we're at war with should not buy it be able to buy land in America non-citizens should not be able to buy land in America. A lot of these predators are Chinese investors. Why can they buy land in America when we cannot buy land there call your congressman make initiatives and referendums in your County's that non-citizens cannot buy land and homes and property on American soil.

[@MK-hh1vo]

Except the reality that your congressman profits from this arrangement so good luck with that!

[@simonemunoz4877]

You are so right i want to cry it hurts so bad why if you know this you mean to tell me our government do not know it so sad how greedy this world is sad

[@sct4040]

lassus prophetam Thanks to our government.

[@skyy5015]

Nobody own the land only the house that why you pay property tax

[@limingdu]

This is one of the easiet way to attract foriegn investment and boost local economy, however there'll be consequences as well, please don't blame Chinese or anyone else, it's your own goverment make it happen. Chinese people are just hard working. By the way, even China allow you to buy land there you probably won't do, because the land price is actually much higher and won't investment sense.

[@ashleymaria29]

My house is already paid for. I am very grateful.

[@chrismorring3352]

Don't let those bastards at the bank talk you into a home equity loan.

[@ashleymaria29]

Chris Vaughn That won't be happening since my parents own the house and they won't be doing that.

[@chrismorring3352]

Good..a paid for house is Gold in today's time and the banks know it..so put your deed in a safe place.

[@ashleymaria29]

***** but I can and will pay the property taxes.

[@ashleymaria29]

Well if it comes to that point il may have to sell or use it a rental property. But that's 20 years from now

[@jessecastro8453]

This is so sad and makes me very angry at the government bailing out the banks and not the people

[@marcoAKAjoe]

Because it profits them more perhaps

[@marcoAKAjoe]

@Green Giant hm. Makes sense I suppose

[@bluewaters3100]

@@marcoAKAjoe The banks were supposed to give out low interest loans to people in payment for the privledge of being bailed out. rewatch the video. They didn't. They just wanted to get back to the way they were before, Nothing changed.

[@phatasticmeemo]

I will forever be grateful my parents obtained a home sold by the owner herself for only $70,000 in a decent neighborhood. We didn't feel the effect of the 2008 real estate disaster. This is just awful. I can't even imagine what it must be like to evacuate my home within 20 minutes and find somewhere else to live.

[@Iquey]

You cannot sustain an economy with a race to the bottom for wages, but a race to the top for housing sales.

[@flyingdog1498]

People making $30,000 given a $120,000 mortgage, do the math.

[@CoopsZippo]

When I was looking for a house I wanted to buy a 35k house. Where I live you can buy a nice house for under 40k. Mortgage companies will not finance homes with mortgages under 60k. I do not want to be house poor. Instead I saved my pennies and bought my house for 25k cash. My property taxes are only 600 a year.

[@PMinPhoenix]

@@CoopsZippo Where is this??

[@CoopsZippo]

@@PMinPhoenix Northumberland/Schuylkill County Pennsylvania. You can pick up a cheap house in any Coal Patch town.

[@V.E.R.O.]

@@CoopsZippo I'm looking to move, how's the job market in the area. What types of jobs could someone get there?

[@CoopsZippo]

@@V.E.R.O. Depends on your skills. There are blue and white collar jobs here. More blue collar. If you are willing to drive an hour or two to work then there are a lot more jobs available.

[@teonesterov9141]

Isn't America great. Land of the poor, home of the scared.

[@katdaddy469]

Hanging by a thread for years before finally resorting to calling an old 5x8 Wells Cargo utility trailer home just to save a dime for a piece of mind!

[@Scott-by9ks]

America is great! Anyone can own a business. It is so easy to own a home here that over 60% own their own home. America's standard of living is very high. You can tell a great country by how many people what to move there vs how many want to move out.

[@lindawilkins9296]

@@Scott-by9ks how many can afford to move out though? Want to move out & Do move out are 2 completely different things. Besides that, most people do not fair well to change. Also, most that want to move out are those that have enough money to travel the world and seen with their own eyes how people live in different countries. Majority of Americans think going to Hawaii is going to a different country.🤦‍♀️ Oh excuse me, just seen your statement properly. "Want to move there". Oh, that's all because of the movies & television lol. Or they have vacationed there and forget (or dont know) to vacation somewhere is not the same as living there. 😊

[@Skankhunt-mv4vd]

@@lindawilkins9296 people wanting to move to America is because of movies and TV? u can't possibly think people are that stupid...

[@lindawilkins9296]

@@Skankhunt-mv4vd from experience I've met those that stupid and seen them with my own eyes! And tried my best to talk them out of it! Some listened some didnt.

[@joshuacollins7398]

I would never move to California

[@cloudie8314]

I don't think I'll ever leave🏖️

[@vellabella1]

@@cloudie8314 👍

[@teresawicks-kq3bq]

Joshua Collins, California is a place to visit. IMO Not a place to live unless you are rich or have an upper middle-class income. Housing is too expensive because there is no land space. I met a lady that came to my church in Oklahoma City she said her house was about a thousand square foot home in California which cost her around $400,000. I thought that was crazy. She said she came to Oklahoma and paid cash for a much bigger house and had lots of money left over. Oklahoma is a great place to buy a nice big home with a big yard really cheap. I think that's because we have a lot of land. The cost of living in Oklahoma is also very good.

[@mati261000]

@@teresawicks-kq3bq There is plenty of land in CA. The wonderful weather is what attracts the people to CA. Lots of Asians are coming and bringing cash and that makes the prices go up. Also, lots of Russians are moving to CA and they too come with money. In top of that, this is a sanctuary State, so our taxes are much higher. Too many illegals getting freebies. It´s almost impossible to live in Orange County or the Bay Area unless you have a six figure income, the rest are struggling.

[@nastayquan6128]

The taxes in California are going ⬆ through the roof (to pay welfare benefits, and food stamps to single mothers with a bunch of kids).

[@bouyant8659]

IM SO TIRED OF HEARING THERE ARE THOSE WHO BORROWED THAT COULD NOT AFFORD IT.. THE SSYTEM SCREWED EM.. RAISING INTEREST RATES. PERIOD! GOT IT?!

[@m2heavyindustries378]

lol you sound like you know nothing about rates , dumb irresponsible libards

[@TheMatthyssen]

Interest rates are lower than ever globally

[@JAchica11]

I wouldn't wait until the last minute to move out. Move out way in advance and so spare your kids and yourself the great heartbreak of a forceful eviction.

[@Scriptorsilentum]

+JAchica11 it's possible they didn't have a place to go.

[@Bochanable]

+scriptorsilentum: Unfortunately that is often true. Thank "w" and his empty declaration that most Americans become home owners. No, he didn't force anyone to buy, but m he created the illusion that everyone could be homeowners. Just wait if the chronic bankruptcy man, trump, ever comes near the White House.

[@Scriptorsilentum]

+Bochanable ohgod. please. no. didn't banks encourage pople to buy mortgages they likely couldn't afford but insisted on variable rate? finding a fixed rate deal each party could live with i'm told was REALLY difficult. i wonder if the banks - spare me, great zeus! - didn't actually "set up" deals to fail...? comments anyone?

[@joejones8026]

scriptorsilentum- is it possible they felt self entitled and no need to pack or get ready to move. Pay the rent!

[@sixsixteensevens297]

Banks sell your house before your out.

[@mspiggymarketing396]

The American dream is and has always been a nightmare for most Americans. 😐

[@samcarter2371]

I gave up getting somewhere in life years ago- I am just existing until I kick the bucket.

[@felixfriedrich7664]

Might aswell buy Bitcoin and hope for the kicked bucket to turn into gold.

[@susanrubinstein3319]

same here and unfortunately for my son too...too much greed on housing and pay scales these past 35 years..and im 61...never owned my own home ..just rented due to poor credit all my life..And i was raised in a house

[@kelly5199]

@@susanrubinstein3319 me too … And I agree there's WAY too much greed.

[@shockawha9]

Susan Rubinstein I hate it but same here. I’ve been in an apt forever and I hate it! I feel like I can’t even craft or make money with my hands n get ahead. I need a yard LOL and area to be productive. I’m just waiting to die but don’t have anything that’s killing me LOL despondency perhaps

[@asmodeusasteroth7137]

I never want to buy a house or new car I did and lost Lost everything I got sick and then that's it I live at mercy of my family

[@SuperBotanica]

so simple - buy a house when you have the money for this - save money, cut your living space - nobody need plenty of living space - never take a mortgage accept for a study loan - drive used cars, cut your shopping habbits - buy only what you really need

[@stacitowery3475]

Absolutely.

[@janiceduncan7908]

Great advice.

[@windsofmarchjourneyperrytr2823]

Why take out a loan for college that isn't dismissed from bankruptcy? Nopenopenopenopenope...

[@thecutbeautii3399]

@Snappingturtle 267 a great percentage of the population cannot pay tuition out of pocket so cash is out the question. college should just be free or not as ridiculously expensive

[@thecutbeautii3399]

​@Snappingturtle 267 Someone has too much time on thier hands.

[@asenathdagraca1401]

what people will do for money is sick smh

[@tamikaqueen1203]

This happens to a lot of people everywhere. They dont have to give lots of notice to evict you. There are some people know they are behind but will spend the mortgage on $500 shoes.

[@abdulhaqq1980]

The first two minute of this video brought me to tears... I love my home country (Jamaica) so much.

[@Investigativebean]

Ahhh “predatory lending.” That’s the term. Very fitting.

[@DPhasely]

My ex wife and I lost our home during the 2008 recession, but I can't blame big banks or our government. We were grossly irresponsible with our money. It took me 7 years of working o.t. and paying off all my debt, and I'm happy to say that I've bounced back and now own another home. As far as the bailout goes, I didn't like it at the time but I can see now how it was the quickest way to stop the bleeding. I'm wiser now with money and I still believe in our great country America.....I'm sure Al Jazeera tv will not like my comment.

[@stuvs830]

I wonder if it's possible to find out if a landlord is making their payments on the property they are renting out?

[@rytiskurcinskas7179]

why

[@sixsixteensevens297]

Nope...It's a fools game..part of the problem of the crash in 2008. Rules are for poor people.

[@lextacy2008]

Ive always wondered if the property was always paid off, but the landlord never reduced the rent basically faking that he had a mortgage to justify overpriced rents

[@FaithandNova]

I had one friend who made an agreement with the landlord that they pay the mortgage directly to the mortgage company and the reminder of the money they gave her in a check.

[@lextacy2008]

@Patriot Jefferson corporatism make life unaffordable, FTFY Get some accountability or get taxed, Thats how it works and thats how life works. Grow up.

[@user-kq5qp6dh8l]

Same in UK ,the last terrace house in a drug area are expensive. Minimum wage is about £7 then u get taxed on it ,have to pay government tax everyweek to the local council ,if u don't pay they sell the house to get there taxes. You really have to have your act together To just keep afloat. I'm 61 and work 7 days aweek . I need £500 aweek just for rent ,taxes utilities and basic stuff.

[@stefane.r.r.6032]

Hopefully things got better for you, we fight till the end. Come to Indonesia, its cheaper

[@McIntyreBible]

0:04, This is the reality of being evicted; no sympathy by the homeowner! To evict a mother with children (because she can’t pay the rent) is an immoral act!

[@bluewaters3100]

My neighbor's husband died and she went into the hospital for 10 days. When she got out the apartment landlords gave her a 14 day eviction notice, She tried to tell then that she had filed for her husband;s pension, annuity, and other things and it would be here soon. They kicked her out in the middle of a winter storm. We brought most of her stuff and stuck it wherever we could in our apartment. They we helped her fill out the paperwork she needed and drove her places to take care of some things. When you have been ill and suffered a loss it is hard to get yourself together, She stayed 8 months. I finally asked her to pay 1/3 of the living expenses. She thought it was too much. We saved this lady. I found out that when she moved out she had $10,000 inthe bank and was getting $2,500 a month tax-free. She is much better off than we are. We helped her start a new life for herself. I hve to just let that be ok.

[@Candlewick14]

No, expecting a handout is immoral

[@joeymanny]

owning a house is not a dream.. its just an illusion,you sleep in a bed or sleep in a couch, its still the same thing coz you sleep, you watch a film in a living room or watch a movie in your laptop or tab, its still the same. So dont get fooled on luxuries

[@missshannon9790]

You got a point.

[@mountainman6172]

Since when did having a roof over your head a luxury? what's your instance on health care? people should just seek a pastor to sprinkle holy water?

[@pinkgal206]

Lol

[@JERRYR708]

I had a hernia operation and had to pay 60,000 because I owned my own home that the hospital used as leverage against me to pay. I had medical ins. at the time and was paying huge monthly payments. I was only making 25.000 a year at the time. My friend who rents in a mobile home park had a similar situation, but was let off from paying their bill because they are renting and had no leverage against them. If you own a home you better be healthy, otherwise rent and nobody can take your S**t. You get more gov. breaks and discounts by renting than owning.

[@JERRYR708]

@Ed Judd Yes and no. I bought my home for 80,000 when houses were at an all time low in 2000 and now it is worth 240,000. I could sell it and buy a new RV and hide somewhere and live off the remaining cash and travel the US and work side jobs.

[@jonathancisneros7150]

That’s why whenever you buy a house, READ the fine print before you give it a signature of approval.

[@mmp495]

Also do the simple 5th grade math and know what you can afford. Math does not lie.

[@GSXSF1k]

Heartless bankers and judges. The Sheriff is totally a robot. What if we did the same in healthcare? What would happen to the sick people? Should we tell them, "Hey, since you don't have health insurance then you have 15 minutes to get out of your bed and out of the hospital." The Sheriff's INHUMANE.

[@DanielBMaximoff]

What the government is doing to these people is unfair.

[@dondressel4802]

Daniel J Maximoff the government is for the corporations and rich

[@kevindiaz-lane4404]

"Do we bail out the banks, or bail out the people? We bailed out the banks, and now the people are paying the cost. If we had bailed out the people, there would be no foreclosure crisis, and the banks would've been ok" ... and I would add, we would still have a middle class in America today. So much for Obamanation's hope and change!

[@8ofwands300]

@ Kevin Diaz-Lane - I'm sure you understand that TARP was passed under the Bush administration, with full bi-partisan support. Don't you? BUSH bailed out the banks...one of the last legislative acts of his administration. The initial bank bail-out money was recouped by the federal Government within 4 years....though that was in part due to interest because some of the smaller banks did not completely repay (apparently) - this according to most fact-checking websites, like Politifact. The problems of the 2008 Recession were laid over decades with irresponsible legislation that essential;y allowed banks to go rogue. Repealing the Glass-Stingle Act which created barriers around financial institutions, disallowing banks from speculating, was a huge mistake, and again, it enjoyed bi-partisan support. It paved the way towards the sale of "derivatives" - packages of investments which included sub-prime debt. Let me agree that it STINKS what happened to many of the people who were lured into buying sub-prime mortgages, but of course banks need to be solvent to protect the larger society from a depression. How would you have felt if you had lost your bank deposits at the time? Also, if the mortgagors in foreclosure had been "bailed out" - what exactly would that look like? Would they be entitled to having their entire house loans paid off? If so, can you imagine how every American with a mortgage NOT in foreclosure would react? The rejection of such a program would be immense and swift! And if the solution should have been to give money to all those in foreclosure - say $5000 - $10000 each - how long would that have postponed the inevitable if they could no longer afford to repay their loan? Maybe it would have bought them 6 months, a year? Come on! I'm not a person who blames victims, because people were actually victimized here; but many of them also share in the responsibility for their victimization. Most of us know when we can support a debt; most of us do research first and are careful about taking on big debt. As sad as it was for them to lose their homes, I think it is not fair to also recognize their share in the responsibility: at best, they made ill-informed choices. NO DOUBT the banks were predatory and sold them a bill of goods, but many of them were foolish in their decisions. Complex matters deserve complex analysis; not sloganeering - like you're doing - because, I assume, you want tRump reelected and spreading falsities has become par for the course.

[@invaderzim1265]

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” -James Madison

[@mariovaughn5711]

I know how it feels to be evicted. But one thing is for sure by Gods grace we can all start over! Gods grace is sufficient for a fresh start!

[@joywisdom6598]

Now Amen to that :)

[@Taripdk1]

Now it is 2019, wondering what happened to the poor people; especially with the lady with the small children.

[@acgillespie]

There all drug dealers now & HIP HOP wanna be's

[@neljay9149]

@@acgillespie racist.

[@windsofmarchjourneyperrytr2823]

You have to quit having kids you can't afford, for one thing.

[@MBoldman50]

She has at least 3 more. Father uninvolved.

[@trueprincess894]

@@MBoldman50 Are you people just bitter because your birth rates are low?

[@Narlee2226]

ABSOLUTELY SHAMEFUL Doing this to people America’s homeless is simply wrong no ones helping them ‼️ so glad I’m Australia and Proud 🇦🇺

[@sweetsendaedreamr]

30 years is a gamble on mortgage loan. One missed payment and boom homeless.

[@richardsanchez9190]

It's not 1. You have to miss several

[@rackets7991]

Ridiculous.. Obviously you have never had a loan of any kind...

[@leonhenry4861]

No it would be more then one.

[@patriciaramirez3139]

And that is exactly what the Banks want. They want people to gamble with Mortgages, the Bankers know perfectly well that people will not be able to pay during the 30 years, Bankers know that people will have issues during the 30 year debt and that is how they make their profits. Sad but true.

[@Pfirtzer]

@@richardsanchez9190 doesn't matter if you can't pay one, how do you think you can pay several?You also have problems paying other things like water, electricity, municipal taxes, food etc.

[@McIntyreBible]

6:12, $4800 for a house in the U.S.A? Wow, you can tell that was a long time ago!

[@ladygaines3459]

The banks shouldn't loan the money in the first place, know they can't get anywhere to live because of bad credit

[@muddywaters8272]

So sad. If rich people had hearts they wouldn' t need so much to sustain the illusion of their lives.

[@dorothyparker100]

We have similar problems in England. The word that connects the two countries is , greed. A home should be, to give people a sense of security, raise a family and give working people a decent place to come home to. Financial institutions, speculators , estate and letting agents are the main culprits in the housing mess that is causing so much distress for so many. Until governments enact policies to protect people from the greed of others, this madness will continue !

[@deemanchester]

+michael berry plus allowing foreign investors to buy houses out of control without thinking how that will affect UK home buyers.

[@dorothyparker100]

Thank you for your comment. I had not thought of that !

[@ianblakesley3349]

Don't forget also in the UK the one-and-a-half million properties of all sizes, private or publicly owned , that are left unoccupied deliberately with no legal means to ensure their occupation.

[@patriciagoffe9173]

Can't pay will take it away -horrendous tv show

[@SolarSailor1967]

Realtors & landlords have enough to live beyond comfortable but still need to fleece everyone because they want even more. They are sickening people that they can sit back, watch what they are doing to common people, and not care.

[@OrianaZ5]

Like George Carlin said: "The reason they call it the American Dream is because you have to be asleep to believe it"

[@Maddie9185]

This is the sad reality in the US today. Somethings gotta give. This can not continue to go on.

[@margyrowland]

The adults in that family should have been aware that they were going to be evicted, but they just left it. Lots of suffering for the kids could have been avoided. I bet that’s how they’ve always lived their lives and it invites chaos. Love from Australia 🇦🇺

[@rickwilliams1108]

my home was payed for buy the time i was 50 years old .how did we do it house payment came first . we drove old cars lived with in our means .didn't go out to eat a lo, wore cheap shoes, clothes no vacations .it can be done you just have to be smart , oh ya no home extra loans.

[@hymlog]

...Houses are cash Cows for banks. ...and guess who is getting Milked?

[@stephaniebrooks8044]

Freddie Mac and Fannie Mae got bailed out after they foreclosed on all those people! Bunch of crooks!!

[@ChristinaOstil115]

Lender are liars and they have 40 paperwork without giving knowledge to costumers.

[@allardfreichmann3733]

That's what you get when people don't work together.

[@Asigedge]

I work in a foreclosure law firm and I can tell you the major problem was not that people just defaulted or they failed to put down 20% but the ARM loans where they were paying about 5% for 10 years then the crisis happened and their rate skyrocketed to 10% adding nearly an extra $1000 a month. Then the property taxes went up and in places like Nassau County where the taxes are already 15K a year for a small 3 bedroom cape, it became unaffordable. Some ppl tried to modified their loans to get a lower rate but the problem was the banks made it mandatory for you have defaulted on your loan at least 4-5 months in order to apply for a loan modification. Yes we have ppl who just stopped paying but 80% of the homeowners were blindsided by the interest rate hike and the Property tax hike. Then hurricane sandy happened and some ppl took out second mortgages to fix the damage because alot of homeowners insurance didnt include flood insurance and those loans came from mostly private investors who jumped on the fact that bigger banks didnt want to give these loans out. Now these homes that were foreclosed on are brought by corporations or chinese property investors who then sell the previously 200K homes for 500K. What happens when nobody can afford homes and people just stop buying them.

[@preciousswollowho]

Thank God I did not migrate to US…..

[@patriciacalunniato]

How can anyone with a heart see little children eating there food and then force the mother out of there homeand this is america o my god what is happening what about the human rights of a child

[@heavenonthehorizon777]

Patricia C they only care if it is an illegal alien child or unaccompanied minor from across the border

[@kathleenlowy9699]

as George Carlin said: “the American dream....you have to be asleep to believe it”

[@marcoAKAjoe]

Sick of that quote in every video

[@rickschucker9697]

@@marcoAKAjoe A fu@#$&ing men. Tired of it!

[@margyrowland]

The 1950’s house cost $4,800 and the cash deposit was $960. That’s 20%. How many people pay 20% deposit on their home now? Love from Australia 🇦🇺

[@Bochanable]

The evil cartoon caricature of the bank force closure officer has sadly become very real.

[@tormon506]

We stayed in a flat that had a rental agreement where rent would only increase with inflation. Then the area became highly sought after and the landlord knew he'd get a fortune for the property. Within two months, we were out, we had no arrears and no complaints, it was just the economy. There were no affordable flats to rent in the area and we have kids, so now we're with the council. Thank God for public housing, otherwise this would have meant uprooting work, university and the children's schools. Homelessness is not always your fault, economic factors play a big role.

[@brandonwombacher2559]

A Bigger Part Than U Think

[@tormon506]

@Green Giant What do you mean? I don't get any benefits. I am uprooted already and I am in full time work and education.

[@tormon506]

@Green Giant Yeah, I rent from the council. Still pay rent. Just like half the country.

[@55hivealive3]

They just don't show up with eviction notices out of the blue. It takes time, and lots of correspondences for an actual eviction notice to be issued. You knew you owed and you chose to ignore, you pay or do without, that's how it works, and enough with the sad images of the children (they truly are the innocent but the deadbeats put them in this situation). I purchased a home with an ARM (adjustable rate mortgage), it was a blessing because I wouldn't have been able to become a homeowner without it, and paid my mortgage religiously, I did without the luxuries to pay and I was able to qualify for a refinancing at a much lower rate because I chose to do without the cellphone, fancy car payment, fancy clothes, fine dining, and such.

[@Rocky1765]

Wait, did she say she rode the clock for 6 months? So she did NOT make payments for 6 months, and she is SURPRISED she is getting kicked out?

[@KM-nq7ez]

Ninja 87 I hope for those babies sake that she was squirreling away at least some of those unpaid mtge payments so they could move into a little rental apartment.🙏

[@windsofmarchjourneyperrytr2823]

@@KM-nq7ez do you REALLY think when they find out she GOT THROWN OUT (background check, phone calls), she's going to be able to move ANYWHERE? Well, she should have thought of all that before having kids she obviously can't afford. Where is her husband, the kids' father, btw? Tired of it, myself.

[@dianefitzpatrick7774]

Where is Mother Jones, Unions, Fair equitable dreams?? Check Wallstreet and the Big Short. It will happen to you.

[@lorizline3457]

In Detroit vacated homes, I have seen gutwrenching sadness... FAMILY'S PHOTOS ALLL OVER... FAMILY PICS IN FRAMES STILL HANGING ON THE WALLS

[@bernadettekennedy2981]

Realtors are to blame. They should have to have degrees with ethics laws. They should not be able to set rents or home values and should not be able to sell to investers instead of homeowners.

[@mrhyde2484]

I remember back during the housing boom, I would get calls from mortgage brokers telling me I can refinance and have a much lower payment. I had a 4 unit at the time and was paying almost 3k per month and I was told I could pull money out and lower my payment by a lot. I don't remember specific amounts but it was something like going from 3k a month down to 1200.00 a month. I thought how is that possible ? it sounds to good to be true. I'm a real estate investor on a small scale so I have more experience than the average person I guess. I'm always putting numbers into mortgage calculators to figure payments and I couldn't see how a lender could lower my payment so drastically, unless they amortized my mortgage over 75 years instead of 25 or 30. I had to ask lots of questions because the answer I was looking for was not explained to me up front. The catch was a loan called "Option ARM's" where you have a choice of 4 different payments but when the broker tries to talk you into one, they focus on the lowest payment, which is what gets people into trouble. Basically you could pay a normal 30 yr amortized payment or a 15 yr amortized payment or an interest only payment or a minimum low payment (which is the payment most people paid). The problem was that when you made the lowest payment option, you weren't even paying enough to cover the interest, so money was getting added to the principle you owe, every month. These "Option Arm" loans were usually only for a couple years 2-5 and then the loan would reset to a higher rate or "normal terms." And you now had a higher amount owed than when you started. For example, someone could go from paying 500.00 or 600.00 a month to 1500 - 2000 a month. That's when the foreclosure crisis hit. Millions of these type of loans were bundled and sold on Wall Street as real estate stocks and people didn't really know the house of cards they were buying, they just thought real estate is a safe investment. When people couldn't afford the much higher payments on there houses, they got foreclosed on and when it started happening a lot, the housing bubble burst big time. Housing prices dropped by like 50% so when homeowners tried to refinance, they couldn't because the house was worth half of what they paid for it, they couldn't sell it either for the same reason. Anyway, in a nutshell, that's what happened. Luckily I chose not to get one of those loans but I see how the average person with no experience could easily fall for it, especially if they don't even speak English. The government bailed out the banks at the taxpayers expense and they knew the banks wouldn't help the people. EVERYTHING is about money and profit in America, the government has been bought and paid for a long time ago. It's every man or woman for themselves. Like the saying goes, if it sounds to good to be true, it is.

[@jeanniefelix6534]

People are upset w banks, reality is that we gotta pay the bank, or goodbye home!!!! The thing what destroys the ability to keep is they are way too expensive,

[@Shellyshocked]

My brother in law who happens to be disabled is being evicted from his apartment. He has always paid his rent on time and never missed a payment. But the man who recently bought his building wants to renovate it. So he's evicting him so he can renovate and rent it for a higher price. We are trying to get him into elderly assisted living.

[@राधाकुमार-द4य]

That happened to me. Im staying with a friend til I find a cheap apartment.

[@bluewaters3100]

@@राधाकुमार-द4य good luck. You will need to have good credit , a big deposit, and proof that you make at least 2 or 3 times the rent.

[@susanmurrell635]

Tabby Abby Didn't your brother in law have a lease? Wish you all the best possible.

[@Shellyshocked]

He had a yearly lease so once it was up he could be evicted. Sadly he passed away from covid last month anyway 😥

[@juanshaftpatel7488]

gods plan

[@CursedEarthPizza]

I wish there was more info to the story. Was she unemployed, having no where to go? Or did she get behind on payments and think the bank was joking when they said she has to leave? I'd move my ass into a cheap apartment the second I got a forclosure notice.

[@justcallmeassinine]

+Christopher Digital Why do that when you get a free house for 6 months ? That is like someone giving 10 grand. These fat obese baby factories are not as stupid as they look.

[@hepthegreat4005]

rents are more expensive than a mortgage in most places (strange, but true)